Date: 4/28/11
Nick Okoro
Axia College of University of Phoenix
Business Organization
I started my Lawn Mowing Service as a sole proprietorship. I bought the lawn mover, edge trimmer, gasoline, and rake. I mowed neighbor’s yards. I got all the profits. If I did a bad job, or could not mow because of weather, I took a loss. I was very successful and made a lot of money and had 100 yards to tend every month. But I got tired of mowing 100 yards a month and working between 10 and 12 hour days. I needed help. I asked my parents if they would help and I would pay them half of what I made on each yard they mowed. They said: “No, we want the full amount for each yard mowed.” The only way that they would be able to get the full amount